MidOcean Energy to buy further 15% stake in Peru LNG from Hunt
MidOcean Energy, an EIG-managed LNG company, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company. This transaction, upon completion, will increase MidOcean's stake in the South American liquified natural gas (LNG) export project from 20% to 35%.
EIG-backed MidOcean Energy to acquire additional 15 percent stake in Peru LNG from Hunt Oil
PLNG owns and operates the only LNG export facility in South America, which is located in Pampa Melchorita, Peru.
Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company, MidOcean and Hunt said on Monday.
MidOcean to acquire additional 15% interest in Peru LNG from Hunt Oil
The acquisition will be fully funded by Aramco, which will increase its interest in MidOcean to 49%. [Image: Peru LNG]
EIG, Aramco-Backed LNG Company Boosts Stake in Hunt’s Peru Plant
Liquefied natural gas company MidOcean, which is backed by private equity fund EIG, expanded its stake in Peru LNG, the second-largest Latin American exporter of the fuel after Trinidad and Tobago.
EIG’s MidOcean Energy to Acquire Additional 15% Interest in Peru LNG from Hunt Oil Company
MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, and Hunt Oil Company (“Hunt”) announced today that they have entered into a definitive agreement whereby MidOcean will acquire an additional 15% interest in Peru LNG (“PLNG”) from Hunt.
Hunt Oil Co. to sell part of stake in groundbreaking South American project
Dallas-based Hunt Oil Co. will sell some of its stake in a company that owns Peru's only liquefied national gas export ...
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Aramco expands its footprint in global LNG arena
Following closing of the transaction, MidOcean’s interest in PLNG will increase from 20% to 35%. The purchase price was not ...
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HUNT OIL CO
Hunt Oil Company is a United States-based exploration and production company. The Company is engaged in traditional exploration, unconventional resource plays, pipeline and processing ...
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Hunt farms out 15% interest in Peru LNG to MidOcean Energy
Hunt Oil Co. has agreed to farm out a 15% interest in Peru LNG (PLNG) to MidOcean Energy. Following the deal’s closing, ...
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